Michigan Legislature - Act 39 of 1883

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Act 39 of 1883

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WATER POWER COMPANIES
Act 39 of 1883
AN ACT to authorize the formation of corporations for the purpose of excavating, constructing and maintaining water courses with water power appurtenant thereto, for accumulating, storing, conducting, selling, furnishing and supplying, upon an agreed rental, water and water power for mining, milling, manufacturing, domestic, municipal and agricultural purposes.

History: 1883, Act 39, Imd. Eff. Apr. 21, 1883
Popular Name: Water Company Act

Document	Type	Description
Section 486.51	Section	Water power and supply corporations; incorporators; powers.
Section 486.52	Section	Certificate; contents; recording and filing.
Section 486.53	Section	Body corporate; governing laws.
Section 486.54	Section	Board of directors; members, election, qualification.
Section 486.55	Section	Board of directors; election, notice.
Section 486.56	Section	Board of directors; majority control.
Section 486.57	Section	Capital stock; subscriptions; increase, procedure.
Section 486.58	Section	Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Section 486.59	Section	Corporate powers; liabilities and restrictions.
Section 486.60	Section	Power to construct railroads, telegraph and telephone lines; holding of realty.
Section 486.61	Section	Furnishing and use of water; rent, collection.
Section 486.62	Section	Injury to stream or property; misdemeanor, penalty.
Section 486.63	Section	Board of directors; annual report, contents.
Section 486.65	Section	Stockholder's liability; recovery prerequisites.
Section 486.66	Section	Shares deemed personal property; transfer.

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